Bitcoin Price Stays Above $118,000 As Metaplanet, Smarter Web Company Buys Additional Bitcoin
Bitcoin Magazine Bitcoin Price Stays Above $118,000 As Metaplanet, Smarter Web Company Buys Additional Bitcoin Bitcoin price maintained its position above $118,000 as Metaplanet acquired 518 BTC for $61.4 million at an average price of $118,519, bringing its total holdings to 18,113 BTC valued at $1.85 billion. The Tokyo-based company's BTC Yield reached 26.5% in the current quarter, following its impressive performance in previous quarters. At the same time, Smarter Web Company also announced the purchase of 295 BTC for $35.2 million at an average of $119,412. This post Bitcoin Price Stays Above $118,000 As Metaplanet, Smarter Web Company Buys Additional Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
Bitcoin Price Stays Above $118,000 As Metaplanet, Smarter Web Company Buys Additional Bitcoin
Bitcoin price maintained its position above $118,000 as two major corporations, Metaplanet and Smarter Web Company, announced significant additions to their Bitcoin treasury holdings, highlighting the growing trend of institutional Bitcoin adoption.
Metaplanet, now the sixth-largest corporate Bitcoin holder, acquired 518 BTC at an average price of $118,519 per coin, representing a total investment of approximately $61.4 million. The Tokyo-based investment company’s latest purchase brings its total holdings to 18,113 BTC, with an average purchase price of $101,911 per Bitcoin.
The company’s Bitcoin-related metrics show impressive growth, with its BTC Yield – a key performance indicator measuring Bitcoin holdings relative to fully diluted shares outstanding – reaching 26.5% in the current quarter. This follows remarkable yields of 41.7% in Q3 2024, 309.8% in Q4 2024, 95.6% in Q1 2025, and 129.4% in Q2 2025.
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